Streetbeat News

Stock Prices

UEC

Roth MKM analyst Joe Reagor has reiterated a Buy rating on Uranium Energy Corp. (UEC), raising the price target to $6.75 from $6. This comes after UEC sold 805,000 pounds of uranium during fiscal Q4 2023, despite previous expectations of no sales. The spot price of uranium has increased from $54 to over $72 per pound since July, due to geopolitical issues and increasing demand for nuclear energy. As a result, the analyst raised the long-term uranium price from $70 to $80 per pound and increased the valuation of several of UEC's uranium assets. However, the valuation of the company's titanium asset was decreased as the project is unlikely to advance in the near term.

Portfolio Pulse from Nabaparna Bhattacharya

October 10, 2023 | 6:56 pm

EXAS

Exact Sciences shares are trading higher after Piper Sandler upgraded the stock from Neutral to Overweight and announced a $90 price target.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 6:50 pm

AKRO

ETNB

Akero Therapeutics reported disappointing 36-week analysis of its Phase 2b study of efruxifermin in patients with nonalcoholic steatohepatitis (NASH), causing its shares to tumble. The news also negatively impacted shares of its rival 89bio, which is developing a similar treatment for NASH.

Portfolio Pulse from Vandana Singh

October 10, 2023 | 6:48 pm

AKRO

NEOG

SMX

U.S. stocks traded higher with the Dow Jones gaining around 175 points. Neogen Corporation reported weaker-than-expected results for its first quarter. SMX shares shot up 62% after the company announced it secured a majority stake in True Gold Consortium. Shares of Intrusion Inc. and Startek, Inc. also rose significantly. Akero Therapeutics, Athersys, Inc., and Ventyx Biosciences saw their shares drop after reporting disappointing results or news.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 6:46 pm

BABA

Benchmark analyst Fawne Jiang reiterated a Buy rating for Alibaba Group Holding Limited (NYSE:BABA) with a $180 price target. Jiang noted a slower start for China retail and physical goods in the September quarter but expects a moderate improvement. She highlighted Alibaba's user-centric approach and advertising system upgrades, which may lead to meaningful growth reacceleration. Jiang projected FY24 revenue and EPS of $133.17 billion and $8.72, respectively.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 6:45 pm

AMAT

A significant investor has taken a bearish stance on Applied Materials (NASDAQ:AMAT), with 83% of detected trades being bearish. The trades include 8 puts totaling $421,877 and 4 calls totaling $175,336. Whales have been targeting a price range from $140.0 to $170.0 for AMAT over the last 3 months. The current price of AMAT is $140.99, up 0.6%. Wolfe Research, UBS, and Mizuho have given price targets of $185, $150, and $158 respectively.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:45 pm

NKE

BMO Capital Markets analyst Simeon Siegel reiterated an Outperform rating on Nike, Inc. (NYSE:NKE) with a price target of $110. Siegel believes Nike's size and budget are key long-term competitive advantages. The analyst expects ongoing gains for Nike, with a FY25 EPS estimate forming the basis for the $110 target price. However, Siegel also noted a negative inflection in Footwear Units and worsening Apparel Unit declines, which could weigh down EBIT margin.

Portfolio Pulse from Nabaparna Bhattacharya

October 10, 2023 | 6:44 pm

EA

Electronic Arts' stock has been upgraded from Neutral to Buy by B of A Securities, which also raised its price target from $145 to $150. This has resulted in EA shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 6:41 pm

SNOW

A significant investor has taken a bearish stance on Snowflake (NYSE:SNOW), with 72% of the observed trades being bearish. The whales have been targeting a price range from $145.0 to $210.0 for Snowflake over the last 3 months. The current price of SNOW is $162.88, up 0.66%. Mizuho and HSBC have downgraded their actions to Buy with price targets of $180 and $201 respectively.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:30 pm

ASML

A significant amount of unusual options activity has been detected for ASML Holding (NASDAQ:ASML), with a majority of investors taking a bearish stance. Of the 22 strange trades detected, 40% were bullish and 59% were bearish. The total amount for puts was $656,150 and for calls was $502,181. Whales have been targeting a price range from $310.0 to $660.0 for ASML Holding over the last 3 months. The current price of ASML is up 1.54% at $600.47.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:30 pm